gregrule
04-18-2007, 04:52 PM
Hello,
My name is Greg Rule. I work for Quick Money Lending, Inc. a Direct/Wholesale lender. Our main lien positions are 1st 2nd and 3rd TD's on CA Residential Property, Commercial and Units up to 75% CLTV with NO PREPAYMENT PENALTY.
Our goal is to provide enough cash out to help improve your client's credit score. Once thier scores are back up, you will have the ability to refinance them back into a conventional 1st mortgage.
I am very excited about offering this type of financing to borrower's who are facing difficulties with thier current mortgage. As you are aware, many borrower's are facing foreclosure and have no way out.
If you have any client's facing financial difficulties, with no lender in sight, please feel free to contact me.
Quick Money Lending, INC.
Direct/Wholesale Lender:D
NON-INSTITUTIONAL FINANCING
·FICO Score Not Required ·No Income Documentation
·Owner Or Non-Owner ·Foreclosure OK ·Bankruptcy OK
· SFR, Units, Commercial ·All Programs Stated Income
·Up To 75% LTV, CLTV ·Interest-Only Payments
:D *HELOC-EQUITY LINE OF CREDIT*
PRODUCT INFORMATION
GOLD PROGRAM
LOAN TO VALUE: 75%
INTEREST RATE: 10.75%
INCOME DOCUMENTATION: None (Proof of Ability to Repay Loan)
LOAN TERM: 6 year w/Balloon
MORTGAGE LATES: 1x120, 2x40, 4x60, 12x30
BANKRUPTCY/FORECLOSURE: >12 Months
SILVER PROGRAM
LOAN TO VALUE: 70%
INTEREST RATE: 12.75%
INCOME DOCUMENTATION: None (Proof of Ability to Repay Loan)
LOAN TERM: 6 Year w/Balloon
MORTGAGE LATES: UNLIMITED
BANKRUPTCY/FORECLOSURE: <12 Months
Submission Documents: 1003, Credit Report, Appraisal, Purpose Letter, Mortgage Statements
Agent Submission: Company Name, Address, Phone No., Contact Person, License info & fee
PROGRAM NOTES
Lien Position: First, Second, Third – Loan Amounts >$100,000 on a case-by-case basis (3rd position is Silver Program)
Fees, Charges, Costs: Escrow $500, Processing $750, Doc Prep $250, Admin. $400, plus loan fee
Rate & Change Dates: Start Rate changes on 13th payment by 3% and continues for remaining loan period
Lender’s Services: Escrow, Title, Doc Prep, Demands, Reinstatement, Assist Doc Signing
QUICK MONEY LENDING, INC.
6721 Katella Ave., Cypress, CA 90630
E-mail: greg@quickmoneylending.com (greg@quickmoneylending.com)
Again, feel free to contact me if you have questions or scenarios that need a home.
Thank You!
:) **BROKERS/LENDERS CAN MAKE UP TO 10% COMMISSION ON THE LOAN AMOUNT**
:) **WE CLOSE THE LOAN IN 10 DAYS OR LESS**
My name is Greg Rule. I work for Quick Money Lending, Inc. a Direct/Wholesale lender. Our main lien positions are 1st 2nd and 3rd TD's on CA Residential Property, Commercial and Units up to 75% CLTV with NO PREPAYMENT PENALTY.
Our goal is to provide enough cash out to help improve your client's credit score. Once thier scores are back up, you will have the ability to refinance them back into a conventional 1st mortgage.
I am very excited about offering this type of financing to borrower's who are facing difficulties with thier current mortgage. As you are aware, many borrower's are facing foreclosure and have no way out.
If you have any client's facing financial difficulties, with no lender in sight, please feel free to contact me.
Quick Money Lending, INC.
Direct/Wholesale Lender:D
NON-INSTITUTIONAL FINANCING
·FICO Score Not Required ·No Income Documentation
·Owner Or Non-Owner ·Foreclosure OK ·Bankruptcy OK
· SFR, Units, Commercial ·All Programs Stated Income
·Up To 75% LTV, CLTV ·Interest-Only Payments
:D *HELOC-EQUITY LINE OF CREDIT*
PRODUCT INFORMATION
GOLD PROGRAM
LOAN TO VALUE: 75%
INTEREST RATE: 10.75%
INCOME DOCUMENTATION: None (Proof of Ability to Repay Loan)
LOAN TERM: 6 year w/Balloon
MORTGAGE LATES: 1x120, 2x40, 4x60, 12x30
BANKRUPTCY/FORECLOSURE: >12 Months
SILVER PROGRAM
LOAN TO VALUE: 70%
INTEREST RATE: 12.75%
INCOME DOCUMENTATION: None (Proof of Ability to Repay Loan)
LOAN TERM: 6 Year w/Balloon
MORTGAGE LATES: UNLIMITED
BANKRUPTCY/FORECLOSURE: <12 Months
Submission Documents: 1003, Credit Report, Appraisal, Purpose Letter, Mortgage Statements
Agent Submission: Company Name, Address, Phone No., Contact Person, License info & fee
PROGRAM NOTES
Lien Position: First, Second, Third – Loan Amounts >$100,000 on a case-by-case basis (3rd position is Silver Program)
Fees, Charges, Costs: Escrow $500, Processing $750, Doc Prep $250, Admin. $400, plus loan fee
Rate & Change Dates: Start Rate changes on 13th payment by 3% and continues for remaining loan period
Lender’s Services: Escrow, Title, Doc Prep, Demands, Reinstatement, Assist Doc Signing
QUICK MONEY LENDING, INC.
6721 Katella Ave., Cypress, CA 90630
E-mail: greg@quickmoneylending.com (greg@quickmoneylending.com)
Again, feel free to contact me if you have questions or scenarios that need a home.
Thank You!
:) **BROKERS/LENDERS CAN MAKE UP TO 10% COMMISSION ON THE LOAN AMOUNT**
:) **WE CLOSE THE LOAN IN 10 DAYS OR LESS**